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LIFETIME FEDERAL CREDIT UNION

Mar, 31, 2021 — LIFETIME FEDERAL CREDIT UNION is a federal credit union headquartered in RICHARDSON, TX with 2 branch locations and about $55.23 million in total assets. Opened 72 years ago in 1949, LIFETIME FEDERAL CREDIT UNION has about 5,207 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 311078938
Name:LIFETIME FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 833937
RICHARDSON, TX 75083
Phone:(972) 766-6732
Fax:(972) 766-8416
Website:http://lifetimefcu.org
Branches:2 branch locations
Members:5,207
Credit Union Type:Federal Credit Union
Charter Number:6012
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1949
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$55,227,316
CEO/Manager:Darryl Trammell
Chairperson:Bryant Phipps

Call Report

  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 14,043,342
TOTAL INVESTMENTS 15,546,143
Loans Held for Sale 0
 
 Real Estate Loans 4,820,130
 Unsecured Loans 7,041,578
 Other Loans 13,363,810
 TOTAL LOANS 25,225,518
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -283,424
 Land And Building 0
 Other Fixed Assets 8,750
 NCUSIF Deposit 400,333
 All Other Assets 286,654
  TOTAL ASSETS 55,227,316
LIABILITIES & CAPITAL:  
 Dividends Payable 25,918
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 376,446
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,391,510
 Regular shares 27,470,671
 All Other Shares & Deposits 13,175,126
  TOTAL SHARES & DEPOSITS 45,037,307
  TOTAL LIABILITIES 45,439,671
 Regular Reserve 210,536
 Other Reserves 1,949,074
 Undivided Earnings 7,628,035
  TOTAL EQUITY 9,787,645
  TOTAL LIABILITIES, SHARES, & EQUITY 55,227,316
INCOME & EXPENSE  
 Loan Income 398,308
 Investment Income 39,376
 Other Income 92,174
 Total Employee Compensation & Benefits 217,475
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 200,232
 Non-operating Income & (Expense) -9,609
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 75,848
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 84,534
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